Did you know if you own a rental property, you can depreciate it and save even more on your taxes?
You have a lot of ways to save money when you invest in real estate. You have the interest for the loan, upgrades and maintenance, and you can depretiate the house as well. Basically you take the value of the home (not the land), divide it by 27 years, and that is the amount you can deduct from your taxes.
Ask your CPA to run the numbers, but with this added tax benefit, investing in a home this year might be part of a good financial plan for you!
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